Jack Dorsey, co-founder of Twitter Inc., speaks during the Bitcoin 2021 conference in Miami, Florida, U.S., Friday, June 4, 2021. Eva Marie Uzcategui | Bloomberg | Getty Images During the crypto-crazy summer of 2021, when memecoins like dogecoin and Shiba Inu were floating along with bitcoin and ethereum, Square founder Jack Dorsey announced that his … Read more
Every weekday, the CNBC Investing Club with Jim Cramer releases the Homestretch – an actionable afternoon update, just in time for the final hour of Wall Street trading. Markets: The S&P 500 briefly touched 6,000 as record gains continued. It’s the fourth straight positive session for the broad-based index, which has risen nearly 4% since … Read more
Wall Street analysts feel good about one of our retail stocks, but worried about another. Home Depot news Telsey Advisory Group, a leader in retail industry analysis, upgraded Home Depot stock to an outperform buy on Friday. The research firm also raised its 12-month price target to $455 per share from $360, implying nearly 14% … Read more
Nopphon Pattanasri | Istock | Getty Images Investors have been able to get better cash returns as the Federal Reserve raised interest rates to lower the pace of inflation. Now that the central bank is cutting rates — with a new quarterly rate cut announced by the Fed on Thursday — experts say holding cash … Read more
Black business leaders are still trying to figure out why Vice President Kamala Harris lost the presidential race and how to approach the incoming administration of President-elect Donald Trump. “This certainly means change. This is what the voters wanted and this is what they thought President Trump stands for,” said Charles Phillips, co-chair of the … Read more
Check out the companies making headlines before the bell. Trump Media & Technology Group — Shares of President-elect Donald Trump’s media company fell another 4.6% in premarket trading after a 23% drop in the previous session. The stock, which trades under Trump’s initials DJT, has given up Wednesday’s rally sparked by Trump’s election victory. It … Read more
A man with a mobile phone walks past a Bank of China Ltd. branch. in Guangzhou, Guangdong Province, China, on Thursday, March 27, 2014. Brent Lewin | Bloomberg | Getty Images China’s biggest state-owned banks are likely to see their record low profit margins fall further as Beijing’s broader stimulus package comes into play, analysts … Read more
Check out the companies making headlines in extended trading: Rivian — The electric vehicle maker added nearly 2% despite missing top and bottom lines in the third quarter. Rivian posted an adjusted loss of 99 cents per share on $874 million in revenue. Analysts polled by LSEG had forecast a loss of 92 cents per … Read more
The US Department of Education’s work to cancel student debt for tens of millions of Americans is likely to come to a halt with the election of Donald Trump, who has called the effort “disgraceful” and “not even legal.” When Trump re-enters the White House in January, he will likely direct his administration officials to … Read more
The Federal Reserve approved its second consecutive interest rate cut on Thursday, moving at a less aggressive pace than before but continuing its efforts to get monetary policy right. Following September’s big half-percentage point cut, the Federal Open Market Committee cut its benchmark overnight lending rate by a quarter of a percentage point, or 25 … Read more